The future of Chapala’s Hotel Villa Montecarlo, owned and operated by the public Universidad de Guadalajara (UDG), is unclear after it was revealed this week that the facility has been running at a loss for the past three years.
The hotel’s losses from 2011 to 2013 have been around 7.8 million pesos, according to information from the Corporativo de Empresas Universitarias (CEU), which operates the university’s business ventures.
CEU Director José Antonio Ibarra Cervantes told Mural newspaper that the 51-room hotel that covers four hectares on the shores of Lake Chapala needed a new business model, perhaps in association with an outside investor. There were no plans to close the hotel, he stressed.
GR staff